Bermuda
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What are the potential consequences for businesses amid escalating loss costs in the US casualty market? -
Cyber, marine and aviation are recent areas of focus.
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Plus, the latest people moves and all the top news of the week.
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He also joined Everest’s board last week as an independent director.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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Sinead Cormican has served as deputy underwriter for the past four years.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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John Howard was appointed as an independent, non-executive member.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
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